FAC Explorer

Finding 1081016 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-11-04
Audit: 327159
Organization: Audubon Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This affects compliance with internal control standards for major federal programs.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance internal controls and reduce risk.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, transfers, computers systems, financial reporting, journal entries and school nutrition program. See finding 2023-001

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 504570 2023-002
    Material Weakness Repeat
  • 504571 2023-002
    Material Weakness Repeat
  • 504572 2023-002
    Material Weakness Repeat
  • 504573 2023-002
    Material Weakness Repeat
  • 504574 2023-002
    Material Weakness Repeat
  • 504575 2023-002
    Material Weakness Repeat
  • 1081012 2023-002
    Material Weakness Repeat
  • 1081013 2023-002
    Material Weakness Repeat
  • 1081014 2023-002
    Material Weakness Repeat
  • 1081015 2023-002
    Material Weakness Repeat
  • 1081017 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $281,799
84.010 Title I Grants to Local Educational Agencies $112,721
84.287 Twenty-First Century Community Learning Centers $67,694
10.553 School Breakfast Program $53,365
84.358 Rural Education $36,586
84.027 Special Education_grants to States $24,484
10.559 Summer Food Service Program for Children $14,303
84.424 Student Support and Academic Enrichment Program $10,000
84.367 Improving Teacher Quality State Grants $8,024
84.425 Education Stabilization Fund $7,509
10.185 Local Food for Schools Cooperative Agreement Program $2,375